HEALTH WEALTH CAREER MERCER WEBCAST REIMAGINING THE C A N D I D AT E E X P E R I E N C E TO ENHANCE EMPLOYER B R A N D A N D E X PA N D T H E TA L E N T P O O L August 17, 2016 Yair Riemer, CMO CareerARC Courtny Cloeter, Partner Barb Marder, Senior Partner T O D AY ’ S S P E A K E R S Yair Riemer, CMO CareerARC CareerArc is the leading HR technology company helping business leaders recruit and transition the modern workforce. Our social recruiting and modern outplacement solutions help thousands of organizations, including many of the Fortune 500, maximize their return on employer branding. © MERCER 2016 Courtny Cloeter Partner Courtny is the Growth Leader for North American Talent. He has executive oversight of sales, marketing and is responsible for the development and execution of North American growth strategies. With over 25 years of business management experience, Courtny has worked with various Fortune 500 companies in the development and implementation of complex business solutions. Barb Marder Senior Partner Barb is a Senior Partner of Mercer and is the Global Innovation Leader for Mercer’s Talent business. Barb’s responsibility is to lead an innovation team and oversee Mercer’s new talent acquisition offering from idea generation to product development and commercialization. Barb has more than 30 years of experience in all aspects of Talent and Retirement programs. 1 W H AT W E ’ L L C O V E R T O D AY 1 2 Global talent trends Employer brand & improving the candidate experience 3 Innovative ways to expand your talent pool 4 Q&A © MERCER 2016 2 HEALTH WEALTH CAREER MERCER IS A GLOBAL FORCE OF OVER 21,000 UNIQUE INDIVIDUALS WITH A PA S S I O N F O R E N H A N C I N G T H E H E A LT H , W E A LT H A N D C A R E E R S O F 100 MILLION PEOPLE WORLDWIDE. WE’RE UNITED BY A SINGLE IDEA – TO MAKE LIVES BETTER TOMORROW THROUGH A C T I O N S W E C A N TA K E T O D AY G L O B A L TA L E N T TRENDS © MERCER 2016 © MERCER 2016 4 4 TA L E N T S C A R C I T Y © MERCER 2016 Source: Mercer Talent Trends Survey 2016 5 FUTURE OF JOBS 35% OF CORE SKILLS WILL CHANGE BETWEEN 2015 AND 2020 C U R R E N T S TA B L E JOBS WILL REQUIRE DIFFERENT SKILL SETS IN JUST A FEW YEARS © MERCER 2016 SKILLS I N S TA B I L I T Y W I L L BE HIGH FOR ALL INDUSTRIES REGARDLESS OF THE EMPLOYMENT OUTLOOK CURRENT ROLES ARE ALREADY HARD TO RECRUIT FOR Source: Mercer Talent Trends Survey 2016 6 I N C R E A S E D C O M P E T I T I O N F O R TA L E N T © MERCER 2016 7 R E T H I N K Y O U R S T R AT E G Y A S A W H AT ’ S AT S TA K E : YOUR EMPLOYER BRAND © MERCER 2016 © MERCER 2016 8 8 C A N D I D AT E E X P E R I E N C E S T U D Y M E T H O D O L O G Y / BACKGROUND © MERCER 2016 9 JOB SEEKERS DON’T BELIEVE THEIR RESUMES ARE BEING REVIEWED [Job Seeker] When you don’t hear back on the status of your application, do you ever doubt that a human being has reviewed your application? [HR] How likely do you think your pre-screening tool might have overlooked a qualified candidate? Likely Yes Unlikely No 0% © MERCER 2016 20% 40% 60% 80% 0% 50% 100% 10 J O B S E E K E R S A R E L E AV I N G N E G AT I V E F E E D B A C K ONLINE ABOUT THEIR EXPERIENCE BUT EMPLOYERS ARE IGNORING IT [HR] Have you read at least one piece of online negative feedback about your applicant process? [Job Seeker] Have you ever been asked by an employer for feedback on their candidate process? Yes Yes No No 0% © MERCER 2016 20% 40% 60% 80% 0% 50% 100% 11 GOOD NEWS: EMPLOYERS PLAN TO INVEST MORE IN C A N D I D AT E E X P E R I E N C E [HR] How impactful do you think enhancing the candidate experience could help your employer brand? [Job Seeker] What is the one area you would advise companies to focus on that would improve your candidate experience? Better communication… Impactful Not impactful © MERCER 2016 99% 1% 59% Improving the online application interface 24% Training managers on interviewing skills 6% Decreasing the number of… 4% None 3% 12 HOW DO WE IMPROVE THE C A N D I D AT E E X P E R I E N C E ? © MERCER 2016 © MERCER 2016 13 13 O N AV E R A G E Did you know ... 219 applicants only is hired? Source: WSJ Jobs2Web study, 2011 © MERCER 2016 14 R E V I E W S M AT T E R 75% of job seekers consider an employer’s brand before even applying for a job* There will be a worldwide shortage of 18 million skilled workers by 2020** With talent in the driver’s seat, they are asking, “Is this company worthy of ME?” Sources: * CareerArc “2015 Employer Branding Study” ** McKinsey Global Institute “Talent Tensions Ahead” http://bit.ly/22szdKa © MERCER 2016 15 I T A L L S TA R T S W I T H A N I M P R O V E D D E C L I N E E M A I L • Create empathy, backed by an offer of feedback and resources • Keep the candidate interested in your company • The “Ask” for a positive review on Glassdoor • Easy to implement © MERCER 2016 16 R E I N F O R C E D W I T H A B R A N D E D C A N D I D AT E C A R E PRODUCT • Ability to customize logos, branding, and messaging • Custom name and URL • World class resources to help candidates improve • A powerful tool for Candidates. Those who activate find their next job 3x faster than the national average* - Thanks to you! © MERCER 2016 17 I M P R O V E Y O U R B R A N D A N D B U I L D Y O U R TA L E N T PIPELINE • Strengthen and protect your brand • Keep candidates interested in future opportunities • Give your talent community good reason to continue advocating for your brand Turning negatives into positives – Instead of creating brand bashers, you’re creating brand evangelists. 218 “Silver Medalists,” who received a thank you / consolation prize – rather than 218 freshly disappointed candidates who let loose on social media. © MERCER 2016 18 P O S I T I V E I M PA C T = P O S I T I V E F E E D B A C K “I’ve never received anything of value from a company that did NOT choose me… wow! Thank you!” © MERCER 2016 19 PREDICTIVE HIRING TO E X PA N D Y O U R TA L E N T POOL © MERCER 2016 © MERCER 2016 20 20 TRENDS AROUND THE GLOBE I M P R O V E D C A N D I D AT E A N D J O B M AT C H I N G REMAINS A TOP PRIORITY SOCIAL: MOBILE: Expanding the talent pool; accessibility to candidates Increased focus on candidate experience MACHINE LEARNING ALGORITHMS: Better matching between candidates and jobs DIGITAL MARKETING: introduction of consumer marketing principles; candidate segmentation and messaging EMPLOYER BRANDING: Predominantly through social media DIVERSITY RECRUITING: Priority for larger organizations © MERCER 2016 BIG DATA: Predictive hiring; datadriven recruiting processes GAMIFICATION Candidate centric, instant gratification, millions of data points Source: CEB/ LinkedIn 2015 global recruiting trends 21 N E E D H E L P F I N D I N G TA L E N T ? © MERCER 2016 22 C O M PA N Y R E C R U I T M E N T C H A L L E N G E S EMPLOYER BRANDING & RECRUITING I N A B I L I T Y TO C O N V E Y E M P L O Y E E VA L U E PROPOSITION ASSESSING QUALITY (TECHNICAL AND NON T E C H N I C A L S K I L L S ) O F C A N D I D AT E S UNABLE TO QUICKLY AND EFFECTIVELY SORT INTERNAL MOBILITY LACK OF VISIBILITY OF INTERNAL ROLES E X PA N D I N G T H E TA L E N T P O O L L A C K O F Q U A L I F I E D , D I V E R S E C A N D I D AT E PIPELINE, RECRUITMENT BRANDING © MERCER 2016 23 IN THE PRESS © MERCER 2016 24 C O G N I T I V E P R O F I L I N G AT T H E F O R E F R O N T OF HIRING “Becoming a great performer is becoming less about what you know and more about what you’re like” - Fortune, 2015 “Empathy is the critical 21st century skill” - Meg Bear, Group VP Oracle “Ask employers which skills they’ll need most in next 5 – 10 years – relationship building, teaming, co-creativity, manage diverse employees…” - Oxford Economics research © MERCER 2016 25 © MERCER 2016 26 J O B S E E K E R S P L AY N E U R O S C I E N C E G A M E S A N D A R E M AT C H E D T O C A R E E R S A N D C O M PA N I E S PLAY GAMES W H AT I S Y O U R CAREER DNA? Call Center Sales Financial Analyst HR MATCH TO CAREERS AND JOBS You © MERCER 2016 27 W H AT I S A N E U R O S C I E N C E G A M E ? S E R I E S O F S H O R T, F U N G A M E S T H AT TA K E ABOUT 25 MINUTES TO COMPLETE Balloons – choose to pump the balloon and risk the balloon or stop and collect money Eyes– select the emotion expressed by eyes Trait ‐ Risk Learning from High Risk Situations Trait ‐ Emotion Identification from Eyes © MERCER 2016 28 T H E G A M E S I N S TA N T LY I D E N T I F Y O V E R 9 0 U N D E R LY I N G T R A I T S T H AT P R E D I C T F I T COGNITIVE TRAITS Processing speed Continuous attention Impulsivity Working memory Memory span EMOTIONAL TRAITS Risk profile Reward sensitivity Perseverance Emotional sensitivity Emotional identification Cognitive flexibility Creativity Pattern recognition Trust Ability to avoid distraction Cognitive control Planning Sequencing Learning © MERCER 2016 Altruism Tolerance for ambiguity Ability to delay gratification Learning from feedback Learning from mistakes 29 M AT C H I N G B A S E D O N A C T U A L B E H AV I O R S I N S T E A D OF KEYWORDS FROM A FUZZY JOB DESCRIPTION Call Center Service Rep – Traditional Job Description Call Center Service Rep – Mercer Match Profile • Excellent written and verbal communication skills to effectively interact with customers • Maintain the same level of attention, even during repetitive activities • Excellent organizational and time-management skills to handle multiple tasks • Give the same level of effort regardless of rewards and probability of success • Detail oriented to ensure accuracy • • Above average problem solving skills to resolve customer service issues Be generous, have empathy and compassion towards others; have the ability to put yourself in others’ shoes • Be comfortable with multi-tasking • Go beyond training script; able to think on your feet • Process information at a stable pace regardless of situations • Basic computer skills and the ability to navigate through multiple systems without assistance • Appropriate license must be obtained if necessary for position • Core competencies include: • Communicating with Impact • Critical Thinking & Problem Solving • Service Orientation © MERCER 2016 30 30 P R E D I C T I V E H I R I N G TO O L S S AV E R E C R U I T E R S T I M E & R E D U C E S P E N D O N “ P O S T & P R AY ” J O B B O A R D S This approach helps you… ROI – Recent Pilot Results Save time • • a 5 -10x reduction in the number of resume reviews necessary Reduces interview to hire ratio from 38 to 6 Reduce spend on other job boards for posting sales roles • Cost savings Improve diversity hiring • Achieved 50:50 gender parity vs. 80:20 prior without compromising candidate quality Smarter business partner • Improve speed to hire, quality of hires Improve Retention • 29% increase in 90 Day Retention © MERCER 2016 31 QUESTIONS Please type your question in the Q&A section of the toolbar and we will do our best to answer it While in full-screen mode, simply use the Q&A button on the floating panel on the top of your screen While in half-screen mode, use the Q&A panel on the bottom right-hand side of your screen © MERCER 2016 32 SPECIAL OFFER Candidate Care: • 60 days Free trial http://bit.ly/2bfyZmJ Contact us: [email protected] Mercer Match: • Post your Sales or Customer Service jobs for FREE for 30 days http://bit.ly/1TQz8f6 Contact us: [email protected] © MERCER 2016 33 © MERCER 2016 34 34
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